Divine Intervention Sought by Worried Chinese Over Economy

1 min read
Source: Yahoo Finance
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Young people in China are turning to Buddhist and Taoist temples to pray for divine intervention in securing jobs, getting into good schools or becoming rich overnight due to the deteriorating economic outlook. Economic uncertainty has driven temple visits and tourism to new heights, according to analysts and travel websites. The jobless rate for people between 16 and 24 years old reached a record 20.4% in April, and the youth unemployment rate could get even worse as a record 11.6 million college students enter the already tough job market this summer.

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